BHARTIARTL
BHARTIARTL | Range BreakoutIf we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of 540 and 548. Happy Trading!
BHARTIAIRTELBhartiairtel
entry strategy 1
buy at cmp with stoploss of close below 522
for target of 545,560
entry strategy 2
sell below 522 with stoploss of 530
for target of 508, 494
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or invwsting
Important Levels for BHARTIARTLAbove 600 still remains a strong resistance zone for Airtel. If AIRTEL closes above 600 and is able to sustain at 600, only then can we see 600+.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
Positional View for BHARTIARTL for 08 JAN 2020Guys i am posting daily views for all Nifty50 stock in a similar manner . See the related idea for the link
BHARTIARTL
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Current Position is Buy, bought on 06-JAN-2021 at 515.99
Action for Next Trading Day: Continue LONG and reverse to SHORT if BHARTIARTL closes below 538.71
Performance since 28 OCT 2020
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Rs 143.37 Profit per share with 14 Winning Trades and 4 loss Trades.77.78% Success Trades
Last 5 trade performace
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Action/From date/to Date/Profit(loss) Rs per share
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Sell 17-DEC-2020 to 22-DEC-2020 18.55
Buy 22-DEC-2020 to 30-DEC-2020 20.53
Sell 30-DEC-2020 to 01-JAN-2021 4.31
Buy 01-JAN-2021 to 05-JAN-2021 1.43
Sell 05-JAN-2021 to 06-JAN-2021 -1.99
Trade setup for BhartiArtl for 28 Dec 2020Closing sentiment was very bullish and it is at break out zone and can expect to touch its 530 levels where also has great option interest.
If the market openes above the buyzone 1 then expect a pull back to 516 and look for buy entry with respective upper targets.
If it fails to hold 516 levels then we can expect short opportunity till buyzone 2 & buyzone 3.
Overall this stock is more on buy on dip.